TSIS: WHAT IS GOING ON? Message Board

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Microcap & Penny Stocks : TSIS: WHAT IS GOING ON?

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To: gary g who wrote (6437)	8/10/1999 9:56:00 PM
From: Skip_S	Read Replies (1) of 6931

Gary_G....I know that you are as frustrated like a lot of us long termers. But relax.....Big things are happening. The president stated a number of times that there will be no reverse split. They got burnt on the last split. TSIS did a reverse split in 1996. They were loosing money and had to reissue more shares down the road. That is in the past. Presently TSIS is earning 250k to 300k per quarter. Profit will be 1.0 to 1.2 million per year. (based on no growth) If half of that profit goes to buying back shares, that would remove 2.5 million shares per year. Don did state in a email to me that there is no buy back program yet. He wants to wait for a few more quarters of earnings growth. He did say that he will reconsider a buy back in January. Skip

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